free goods

Free Good

1. In economics, a good that is not scarce. That is, a free good is available to as many people as could ever want it in whatever quantity they want it. A major example is air. A free good is not subject to the law of supply and demand.

free goods

goods such as air and water that are abundant and thus not regarded as scarce economic goods. Such goods will be consumed in large quantities because they have a zero supply price, and there is thus a tendency to overuse these goods, causing environmental POLLUTION.

Alcohol fraud is a serious criminal offence and can carry hefty penalties - if you are caught selling duty free goods you could not only have the stock confiscated but your could lose your licence to sell alcohol and even face prosecution.

In making a free offer, a seller must be sure that no other conditions are attached to the offer except for the basic condition that the other goods or services must be purchased in order for the consumer to be entitled to the free goods or services.

4, 1997, letter, the OIG stated, in relevant part: "The OIG has stated on numerous occasions its view that the provision of free goods by a seller to an actual or potential referral source may violate the anti-kickback statute depending on the circumstances.

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